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hichkok12 [17]
3 years ago
12

The trial balance of Beautiful Tots Child Care does not balance.

Business
1 answer:
Dahasolnce [82]3 years ago
4 0

Answer:

                      Corrected Trial Balance

Particulars                                  Debit          Credit

Cash                                          $10,900

Account receivable                  $14900                        (6700+8200)

Office supplies                         $2400                          (1000+1400)

Prepaid insurance                    $4100                           (300+3800)

Equipment                                $83000

Account payable                                           $4800      (3400+1400)

Notes payable                                               $45000

Trumball common stock                               $57000

Trumball dividend                    $3200                          (5000+200-2000)

Service revenue                                             $16450    (12350+4100)

Salaries expense                     $3700                            (4400-700)

Rent expense                           $750

Advertising expense               <u>$300     </u>        <u>              </u>

Total                                         <u>$123,250</u>       <u>$123,250</u>

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Answer:

$50

Explanation:

Dividend discount model (DDM) is used to calculate intrinsic value of a stock. Since the dividends are expected to grow indefinitely, the formula will be as follows;

Price (P0) = D1 / (r-g)

where D1 = Next year's dividend = 2.50

r = required rate of return = 12% or 0.12 as a decimal

g = dividend growth rate = 7%

Price (P0) = 2.50/(0.12-0.07)

P0 = 2.50 /0.05

P0 = $50

5 0
4 years ago
In buying an existing business the prospective buyer should ask questions about the operation of the business which of the follo
IRINA_888 [86]

In buying an existing business, the questions that would be appropiate for the prospective buyer to ask are the following:

  • E. All of the above are appropriate questions to ask.

I was able to find the <u>complete exercise </u>online and the exercise had five options to choose from. These are the options:

  • A. Is the business operating at a profit?
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  • C. Are there any problems with the business?
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The correct option was "E" because all the questions are not only appropiate but necessary to ask.

When buying an existing business, you need to know everything about the business and the reason why the owner is selling because it may make you change your opinion or help you make future decisions.

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5 0
3 years ago
If you were reviewing a Financial company such as JPMorgan Chase, which of the following metrics is most relevant?
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Explanation:

JPMorgan Chase as a financial company would not deal with actual inventory so the Days sales outstanding is not a relevant measure. Neither is the SSS as the company is not a retail chain.

The relevant metric would be the Net Interest Margin which is used to measure the difference between the interest income that a bank or similar financial institution makes vs the interest payments that the company will pay out to its lenders.

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A Product Manager has been given responsibility for overseeing the development of a new software application that will be deploy
Free_Kalibri [48]

Incomplete question. The missing options read;

a. Design the application’s security features after the application’s initial build is complete.  

b. Schedule development of security features after the application’s initial release.  

c. Utilize a DevSecOps approach to incorporate security into the development process from the beginning.  

d. Contract with an external vendor to develop a security solution separately from the main application.

Answer:

<u>a. Design the application’s security features after the application’s initial build is complete.</u>

Explanation:

Remember, our main concern here is to determine <em>the most time-saving and cost-effective way for the Product Manager to address the new application's security considerations.</em>

Hence, if the Product Manager decides to schedule the development of security features after the application’s initial release, this would not be the most time-saving approach. Also, utilizing a DevSecOps approach to incorporate security into the development process from the beginning and contracting with an external vendor to develop a security solution separately from the main application is not the best cost-saving approach.

However, designing the application’s security features after the application’s initial build is complete would be the most time-saving and cost-effective way for the Product Manager to address the new application's security considerations.

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